Interest and dividends on super fund's investments areA.paid to the employers.B.are kept in a bank account until retirement.C.taxed at 15%.D.regularly paid out to the employees bank account.1 points QUESTION 8A 2% coupon rate bonds issued in Australia paysA.$1 every six monthsB.$20 once a yearC.$2 once a yearD.$10 every six months1 points QUESTION 9Which of the following statements is NOT correct?A.Companies in need of funds raise funds by buying financial instruments in the primary market.B.A financial instrument has one issuer but possibly successive owners due to the existence of a secondary market.C.Owners of financial instruments can sell them in the secondary market and the buyer now gets the financial instrument as an asset.D.Issuers of financial instruments sell them to investors in the primary market.1 points QUESTION 10If you became the owner of an Australian share in the CHESS registry on Wednesday 25th October 2023, it means that:A.your purchase limit order reached the ASX on Monday 23rd October 2023. B.the money for the purchase was transferred on Friday 27th October 2023.C.your purchase order found a match on Wednesday 25th October 2023D.your purchase order found a match on Monday 23rd October 2023.1 points QUESTION 11A SG contribution by an employer to their employees' super fund account isA.not counted towards the concessional cap.B. subject to a favourable tax rate obtained without any further requirement.C.taken from salary before tax D.tax free.1 points QUESTION 12Pension age is the age people can A.access their superannuation.B.access their term deposits.C.access the government pension.D.be retired.1 points QUESTION 13The non-concessional contributions are taxed at ___________________ and their returns are taxed at _______________________.A.15%; 15%B.15%; member's marginal tax rateC.member's marginal tax rate; member's marginal tax rateD.member's marginal tax rate; 15%1 points QUESTION 14Simple interest rate implies that A.past interest is included in the calculation of the new interest.B.interest is calculated with respect to the initial investmentC.interest rate is variable.D.interest is calculated on an amount that takes into account the previous interest1 points QUESTION 15You are a returning Afterpay customer who now makes a purchase worth $68 with Afterpay. You fail to pay the first and the last scheduled instalments. Which of the following statements is correct?A.Afterpay will attempt to process the direct debits after the official term of the loan for as long as is needed for you to pay what you owe.B.the fees charged by Afterpay will be $68.C.You will be charged fees for the first missed instalment but not for the next missed instalment.D.you have to repay the loan in three instalments1 points QUESTION 16(Assuming the past 5 year caps have been entirely used) A voluntary concessional contribution by an employee to their super fund account isA.mandatoryB.taxed at 15% until reaching a total of contributions of $27,500 per financial year.C.taxed at marginal taxation rateD.tax free
Question
Interest and dividends on super fund's investments areA.paid to the employers.B.are kept in a bank account until retirement.C.taxed at 15%.D.regularly paid out to the employees bank account.1 points QUESTION 8A 2% coupon rate bonds issued in Australia paysA.20 once a yearC.10 every six months1 points QUESTION 9Which of the following statements is NOT correct?A.Companies in need of funds raise funds by buying financial instruments in the primary market.B.A financial instrument has one issuer but possibly successive owners due to the existence of a secondary market.C.Owners of financial instruments can sell them in the secondary market and the buyer now gets the financial instrument as an asset.D.Issuers of financial instruments sell them to investors in the primary market.1 points QUESTION 10If you became the owner of an Australian share in the CHESS registry on Wednesday 25th October 2023, it means that:A.your purchase limit order reached the ASX on Monday 23rd October 2023. B.the money for the purchase was transferred on Friday 27th October 2023.C.your purchase order found a match on Wednesday 25th October 2023D.your purchase order found a match on Monday 23rd October 2023.1 points QUESTION 11A SG contribution by an employer to their employees' super fund account isA.not counted towards the concessional cap.B. subject to a favourable tax rate obtained without any further requirement.C.taken from salary before tax D.tax free.1 points QUESTION 12Pension age is the age people can A.access their superannuation.B.access their term deposits.C.access the government pension.D.be retired.1 points QUESTION 13The non-concessional contributions are taxed at ___________________ and their returns are taxed at _______________________.A.15%; 15%B.15%; member's marginal tax rateC.member's marginal tax rate; member's marginal tax rateD.member's marginal tax rate; 15%1 points QUESTION 14Simple interest rate implies that A.past interest is included in the calculation of the new interest.B.interest is calculated with respect to the initial investmentC.interest rate is variable.D.interest is calculated on an amount that takes into account the previous interest1 points QUESTION 15You are a returning Afterpay customer who now makes a purchase worth 68.C.You will be charged fees for the first missed instalment but not for the next missed instalment.D.you have to repay the loan in three instalments1 points QUESTION 16(Assuming the past 5 year caps have been entirely used) A voluntary concessional contribution by an employee to their super fund account isA.mandatoryB.taxed at 15% until reaching a total of contributions of $27,500 per financial year.C.taxed at marginal taxation rateD.tax free
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Similar Questions
Interest and dividends on super fund's investments areA.paid to the employers.B.are reinvested in the account following the account owner's declared investment strategy.C.taxed at 15% if the income was generated on investments bought with concessional contributions.D.regularly paid out to the employees' bank transactional account.
If the interest rate on a saving account is now 1% and becomes 0.5% next year, the investor who starts investingA.in a saving account now will get 1% for the first year and 0.5% for the second year.B.in a saving account in one year time will get 0.5% the first year and for sure 0.5% in the second year.C.in a saving account now will get 1% in the first year and 1 % in the second year.D.in a saving account in one year time will get 1% in the first year1 points QUESTION 5An accumulation superannuation account ____________.A.can generate defined benefitsB.is producing a lump sum that is defined by the wages in the last years of workC.is producing an income stream that is determined by the wages in the last years of workD.can pay a lump sum at the time of retirement1 points QUESTION 6Which of the following is NOT correct?A difference between bonds and shares is that: A.the value of money received from selling shares is not known in advance while the value of money received from selling a bond in the secondary market is known in advance.B.bonds are liabilities for the issuer while shares never need to be repaid by the issuer.C.bonds are issued by governments or companies while shares are issued only by companiesD.bonds pay a fixed regular stream of income and shares pay a fluctuating stream of income
Which of the following statements regarding tax of superannuation fund is INCORRECT?Question 15Select one:a.Capital gain tax (CGT) is levied on capital gains and capital gain on assets held for more than 12 months is effectively taxed at 15%.b.Earnings on superannuation balance in the pension fund are not subject to income or capital gain taxc.Superannuation funds are trusts but receive special tax treatments by legislation.d.Superannuation funds pay 15% tax on its income.e.Super funds do not distribute their income or capital to members unless members meet certain age and employment conditions.
Multiple Choice QuestionThe fact that interest is paid on invested funds means that a specific amount of money today is Blank______ in the future.Multiple choice question.not subject to inflationunable to be used to purchase capital goodsequal to a larger amount of moneyequal to a smaller amount of money
financial institutions attract funds from savers by offering ____________ on savings.Question 36Select one:a.profitsb.interestc.revenuesd.benefits
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